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Economics 2003 WAEC Past Questions

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21
Price elasticity supply measures the responsiveness of quantity supplied to
  • A. change in suppliers' income
  • B. change in price of otther commodities
  • C. a change in the rpice of the commodities
  • D. a change in the demand for the products
View Answer & Discuss WAEC 2003
22
The most common type of business in West African countries is
  • A. joint-stock companies
  • B. sole proprietorships
  • C. Partnership
  • D. public enterprises
View Answer & Discuss WAEC 2003
23
Which of the following is a type of business organization?
  • A. stock exchange
  • B. insurance company
  • C. chain stores
  • D. co-operatives
View Answer & Discuss (3) WAEC 2003
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24
one advantage of the sole proprietor is that
  • A. control and supervise is under one man
  • B. accounts must be publisized
  • C. it is always successful
  • D. funds are easy to obtain
View Answer & Discuss WAEC 2003
25
The shares which do not carry any fixed rate of dividend are known as
  • A. debenture
  • B. cummulative preference shares
  • C. ordianry shares
  • D. participating preferencial shares
View Answer & Discuss WAEC 2003
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts